Dried fruit and pasteurized fruit juice company

Dried fruit and pasteurized fruit juice company

Dried fruit and pasteurized fruit juice company Sector: Agro-processing Year of establishment: 1994           Turnover: 100,000 USD – 150,000 USD Investment need: 450,000 USD Product, market solution and potential The company was incorporated in 2008, it was the first company to pasteurize juice in Uganda, and in 2015 the company become organically certified and is now supplying organically dried fruit to the USA. The company makes banana juice, orange juice, pineapple juice and a tropical fruit punch and for the dried fruit the company makes pineapple, jackfruit, papaya and banana and they plan to do mango as well. The biggest demand is in dried fruit which takes up 75% and juice 25%. The Company currently has more market demand than current capacity allows and is looking to increase its capacity by 18-36MT dried fruit per month. Entrepreneur and Team The company is family owned with 70% shares with an American investor who has 30% shares; they are assisted by a manufacturing engineer, a food scientist in charge of processing and a certified accountant with an MBI and 23 other employees. Turnover and Investment need The turnover in 2015 was between 100,000 USD – 150,000 USD and the company received a matching grant of 225,000 USD. They currently seek another 225,000 USD matching investment to build a 300sqm dried fruit processing facility, purchase new hybrid dryers and train, register and inspect up to 500 farmers in organic standards. Impact The company has the following positive impacts; The company has trained and works with over 165 farmers in producing organically certified fruits. The Company is a member of the organic and fair trade protocol and...
Clean energy from agricultural waste

Clean energy from agricultural waste

Clean energy from agricultural waste Sector: Renewable Energy Year of establishment: 2015 Turnover: Post Pilot stage Investment need: 500,000 USD Product, market solution and potential The company was incorporated in 2015 with the main aim of delivering affordable, reliable and productive rural electrification through off grid renewable energy projects. At each power generation site, the company provides affordable high quality agro-processing services to farmers and also purchases sustainable biomass (agro-processing by-products) from both farmers and agro-processors, which is used as feedstock for the gasifiers. Gasification is used to produce clean energy from Agricultural Waste such as rice husks, maize husks/cobs, ground nut shells and coffee husks. Electricity is distributed via a combination of micro-grids and battery boxes to rural industries, households, schools and micro-businesses. The Company already has permits with the National Electricity Regulatory Authority and will sell electricity to the National Electricity Transmission Authority on a 20 year, inflation linked, USD denominated power purchase agreement. Entrepreneur and Team The Company founder is an Aerospace Engineer and serial entrepreneur and is supported by a team of both local and expatriate staff. The team has won several International awards. Turnover and Investment need The company is still in its post pilot stage and their investment need is 500,000 USD for growth and to be able to have 4 energy hubs running. Impact The company sees renewable energy from agricultural waste as an integrated solution to energy security, food security, climate resilience and poverty alleviation. The company has the following positive impacts; The company has helped reduce on deforestation by replacing charcoal/wood fuels with briquettes a cleaner, cheaper and more efficient...
Tractor Hiring

Tractor Hiring

Tractor hiring service to increase productivity Sector: Agriculture and food Year of establishment: 2011 Turnover: USD 200,000 – USD 300,000 Investment need: USD 300,000   Tractor hiring service to increase productivity They provides affordable tractor hiring services to smallholder farmers in Uganda. These farmers previously relied on manual labor and ox-ploughs. Affordable mechanization helps them increase productivity and therefore increase their income. The company is currently working with farmers in Eastern Uganda. They have signed memorandum of understanding (MOU) with farmer groups in Bugiri, Iganga and Pallisa districts. Seven clusters with 30 farmers groups containing 815 members in total have signed MoUs. Entrepreneur and Team The company is owned by two shareholders with equal ordinary shares. One of the co-founders is a business controller and experienced female entrepreneur. A Dutch angel investor is supporting the pilot project. Turnover and Investment need The company is looking for a total investment of USD 300,000 for the post pilot scale up phase. The funds will be used to purchase more tractors to avail to the numerous interested smallholder farmers for hire. Impact The tractor hiring services will lead to increased productivity and hence increased income for smallholder farmers. Already 815 farmers in Eastern Uganda expressed their interest for this service. The entrepreneur is training several unemployed youth to operate the tractors for aspecified period, after which they are free to buy, own and operate their own similar tractors. This will then open up the opportunity for similar youth to gain the skill and generate an income. Would you like to know more about this business? Contact...